YieldMax AI & Tech Portfolio Option Income ETF

Frequently Asked Questions About GPTY

What does GPTY invest in?

The YieldMax AI & Tech Portfolio Option Income ETF (GPTY) is a dynamically managed exchange-traded fund designed to provide investors with both ongoing income and potential growth in value. It achieves this by investing in a focused portfolio, typically comprising 15 to 30 publicly listed companies operating within the artificial intelligence (AI) industry. A core strategy for generating income involves the strategic sale of options contracts written against the fund's underlying stock holdings, with the aim of delivering weekly income distributions. Additionally, GPTY seeks capital appreciation through its direct equity investments in these selected AI innovators. The fund's advisor carefully selects prospective holdings based on criteria such as the liquidity of both the stocks and their associated options, prevailing price levels, and implied volatility. This portfolio is then regularly reviewed and adjusted to optimize its composition and performance.

What is the expense ratio of GPTY?

YieldMax AI & Tech Portfolio Option Income ETF (GPTY) charges an expense ratio of 1.06%. This is the annual fee deducted from fund assets to cover management and operations.

What is GPTY's distribution yield?

GPTY's trailing-twelve-month yield is 37.66%, calculated from the sum of distributions over the past year divided by the current price. A rate this high reflects large option-premium distributions against a NAV that has declined over the same period — part of each payout may be return of capital rather than earned income.

How does GPTY's covered-call strategy work?

GPTY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is GPTY?

YieldMax AI & Tech Portfolio Option Income ETF (GPTY) manages $131.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is GPTY actively managed or an index fund?

GPTY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.